The Latest Breaking News from Bank of America Corporation

After a turbulent few months, the banking sector seems to have stabilized lately, as the big banks reported better-than-expected results in the second quarter. However, risks of potential defaults and slowing loan growth could impact the industry in the upcoming months. I think bank stocks JPMorgan Chase (JPM), Bank of…

Bank of America (BAC), the second-largest U.S. bank by assets, beat Street revenue and earnings estimates in the second quarter but is stuck with more than $105 billion in unrealized losses. Moreover, the bank was slapped with refunds and fines worth $250 million earlier this month. In this piece, I…

After months of turmoil, the U.S. banking sector is showing some signs of stability. Bank of America (BAC), the second-largest U.S. bank by assets, is stuck with more than $100 billion in paper losses at the end of the first quarter. However, the bank has substantial cash reserves to handle…

The investment banking (IB) business, one of the major revenue sources of Bank of America (NYSE: BAC), is not expected to have performed impressively in second-quarter 2022. Thus, the same is not likely to support BAC's results, scheduled to be announced on Jul 18.

Last month’s inflation is estimated to surpass record levels in May 2022, prompting the Fed to continue with its rate hikes. However, quality financial stocks Ally Financial (ALLY) and Bank of America (BAC) could be ideal investments to navigate such times of high inflation. Keep reading….

Bank of America Corporation (NYSE: BAC) was trading slightly lower on Monday after a bullish day on Friday saw the stock rally 3.39%.

Concerns over historically high inflation, the Fed's aggressive interest rate increases, deepening supply chain issues due to rising COVID-19 cases worldwide, and the Russia-Ukraine war drove a broad sell-off in U.S. stocks last month. However, the market sell-off has created opportunities to buy high-quality mega-cap stocks at bargain prices. Thus,…

Turtle Beach Corporation (NASDAQ:HEAR) weighed a sales process as it considers ways to maximize value for shareholders. Some potential buyers broke off discussions due to Turtle Beach's dependence on console gaming headsets and cyclicality. Speculation has mounted about Turtle Beach's prospects due to its boardroom battle with hedge fund Donerail Group trying to oust all…

Investors at Citigroup, Inc (NYSE:C) and Bank of America Corporation (NYSE:BAC) hardly backed proposals, essentially asking the banks to stop financing new fossil fuel supplies, Reuters reports. Wells Fargo & Company (NYSE:WFC) investors followed suit with a similar proposal. An expert saw the results reflect the current instability in energy markets and activists’ challenge in persuading…

BMO Capital cut Bank of America Corporation (NYSE: BAC) price target from $48 to $46. Bank of America shares rose 0.3% to $38.95 in pre-market trading.

Bank of America Corporation's (NYSE:BAC) short percent of float has risen 4.11% since its last report. The company recently reported that it has 60.71 million shares sold short, which is 0.76% of all regular shares that are available for trading.